Please read below for Hyperion's full year results for the year ended 30 September 2018.
Robust full-year organic growth driven by strong performance from all three trading divisions. The Group made a number of investments to strengthen its product and distribution capabilities both geographically and in terms of specialist market positions.
On a bank reported basis:
- Revenue grew from £535m in 2017 to £620m in 2018, an increase of 16%.
- EBITDA, the Group’s preferred measure of profitability, increased by 19% from £152m to £181m in 2018.
- The EBITDA margin was 29% in 2018 (28% in 2017).
- Organic revenue growth was 6% (2018: 8%), which the Board regards as a good result in a competitive operating environment.
As we enter our 25th year, we are in a very strong position to seize the opportunities that are being created both by consolidation of the market, the pressures on underwriting performance and the opportunities for transformation. Our employee-ownership model and our entrepreneurial approach means we have a flat and empowered structure which keeps a constant focus on our employees. This, in turn, promotes innovation, integrity and the agility to develop our specialist products and services and get them to our clients fast.
David Howden, CEO, Hyperion